16 JANUARY 1932, Page 32

Goon INDUSTRIAL REPORT.

The Directors of Michael Nairn and Greenwich, Ltd., the holding company controlling the Greenwich Inlaid Linoleum Company and Michael Nairn and Company, may be con- gratulated upon the results of the past year. Notwithstanding the prevailing depression, the profit for the year 1931 was £207,842 compared with £215,531 for 1930. The Company, therefore, is able to maintain the 121 per cent. dividend for the year, a distribution which has now been made for the